Housing Market News all of theses articles are links; go to the link below to view them

http://patrick.net/housing/crash.html

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Tue Dec 21 2010

Why 2011 is not the time to buy a house in California (doctorhousingbubble.com)

2011 outlook: Housing falls another 15% to 30% (finance.yahoo.com)

Property Taxes Keep Rising as House Values Keep Falling (dailyfinance.com)

More see walking on mortgage as viable plan (msnbc.msn.com)

Robo-signing paperwork problems hit California, slow foreclosures (centralvalleybusinesstimes.com)

Why New York Foreclosures Are Grinding to a Halt: paperwork (4closurefraud.org)

Tax deduction for mortgage interest could be on the chopping block (latimes.com)

Senator Sanders's Socialism (economix.blogs.nytimes.com)

The Next Housing Bubble - Is This the Perfect Storm? (oyetimes.com)

Congress Threatens to Sow the Seeds of Our Next Banking Crisis (huffingtonpost.com)

How big banks managed to F us all: REGULATORY CAPTURE (en.wikipedia.org)

State guarantees of bank bonds mean poor pay taxes to keep the rich rich (policyexchange.org.uk)

For the middle class, bad times even during good times (newsitem.com)

Interest rate rise means 3m home debtors could struggle to pay mortgage (telegraph.co.uk)

Australian mortgage stress increases in 2010 (abc.net.au)

Buying foreclosed properties south of the (Canadian) border (vancouversun.com)

Trippy Real Estate Visualizations (fastcodesign.com)

Mon Dec 20 2010

The Great Housing Reset Continues (theatlantic.com)

An inconvenient housing sector (reuters.com)

More evidence O.C. house prices falling again (lansner.ocregister.com)

House prices fall dramatically (charlotteobserver.com)

Banks' resales of houses illustrate price drop (philly.com)

Will Mortgage Rate Rise Help Buyers With Cash? (blogs.wsj.com)

Families Swap Houses to Stop Foreclosure (foreclosureblues.wordpress.com)

College Education Bubble Already Exists (forbes.com)

Newly Built Ghost Towns Haunt Banks in Spain (nytimes.com)

Amazing Satellite Images Of The Ghost Cities Of China (businessinsider.com)

China Bubble: More interesting data and analysis (unconventionaleconomist.com)

Opening the Bag of Mortgage Tricks (nytimes.com)

Lenders' high bids at foreclosure auctions defer true accounting (denverpost.com)

"Black Swan" author Nassim Taleb on the Debt Crisis (Mish)

Nouriel Roubini buys $5.5m apt in NYC with massive adjustable loan (telegraph.co.uk)

The Government's favored minority (progressive.org)

Republicans, Theodore Roosevelt, and the estate tax compromise (latimes.com)
Not taxing the wealthiest (washingtonpost.com)

New Era of Cooperation Between White House and Big Business (robertreich.org)

20,000 Sacrificed In Annual Blood Offering To Corporate America (theonion.com)

Fri Dec 17 2010

House sellers still slashing prices in San Francisco (bizjournals.com)

Sacramento prices continue to decline (sacbee.com)

MLS forbids Redfin from telling true asking price history in Sacramento (blog.redfin.com)

Orange County still largely in a housing bubble (doctorhousingbubble.com)

CA foreclosures ease, but sales sag because prices still too high (pe.com)

California's house price recovery could be faltering (latimesblogs.latimes.com)

US house prices continue to plummet (centralvalleybusinesstimes.com)

Shadow Inventory Dampens Winter Market (nytimes.com)

Americans living on financial fault lines (contracostatimes.com)

Where does our money go? The Cost of War (costofwar.com)

Mortgage servicing suffers from endemic principal-agent conflict (4closurefraud.org)

WikiLeaks: "Systemic Insolvency Is Now The Problem, Global Bank Bailout Needed" (dailybail.com)

Banks Push Fed to Curb Borrowers' Right to Rescind Mortgages (bloomberg.com)

Mortgage loan foreclosures slowed by robo-signing scandal (ourbroker.com)

Geithner: National foreclosure moratorium would hurt house prices (housingwire.com)

Advantages of house buying explained to you (patrick.net)

Thu Dec 16 2010

Southern California housing market falters in November (latimesblogs.latimes.com)

Housing recovery slips -- sellers slashing prices, says report (centralvalleybusinesstimes.com)

Where House Prices Are Falling Dangerously (realestate.yahoo.com)

House sales slow in November (blogs.pe.com)

Mortgage Applications decline, Mortgage rates rise sharply (calculatedriskblog.com)

Strategic Foreclosures are Increasing (africanaonline.com)

Are Mortgage Defaulters Getting a Pass? (curiouscapitalist.blogs.time.com)

House builders still gloomy, new data show (msnbc.msn.com)

Moody's sees more foreclosure delays in 2011 (bloomberg.com)

Moody's May Cut US Rating on Tax Giveaway To Richest (cnbc.com)

Market alarm as US fails to control biggest debt in history (telegraph.co.uk)

He's a renter: Facebook billionaire CEO Mark Zuckerberg (gawker.com)

Man Dares Bank To Foreclose Unless They Reverse Bad Fees, Wins (consumerist.com)

Ron Paul: "Bernanke Is The Greatest Counterfeiter In The History Of The World" (dailybail.com)

Will the Fed be able to survive Ron Paul? (finance.fortune.cnn.com)

Greeks upset about being sold into slavery to pay bankers' debts (Mish)

Give Up on the Estate Tax -- Make Inheritance Income (nytimes.com)

Does Inequality Cause Financial Crises? (theatlanticwire.com)

Mapping US Census Data - very cool! (projects.nytimes.com)

Wikileaks To Take On Bank Of America (theonion.com)

Wed Dec 15 2010

Foreclosures are down but not because housing market is up (mercurynews.com)

Yahoo to lay off 600-700 (contracostatimes.com)

For Rent: 1/1 at 380 Talbot Ave, Pacifica, CA 94044 (patrick.net)

OC's distressed houses now at 39% of market (mortgage.ocregister.com)

Despite price cuts, sales tough at Evanston project (chicagorealestatedaily.com)

Housing-market reports remain mostly bleak (azcentral.com)

Pixie Dust Loses Magic as Foreclosures Slam Utopian Disney Town (bloomberg.com)

Foreclosures Expected To Top 1.2M This Year; 2011 Will Have Even More (consumeraffairs.com)

Strategic defaulters opt to continue paying on second liens (housingwire.com)

US foreclosure-prevention program fell short (washingtonpost.com)

What's a house worth? Pick a number, any number (Compare it to renting, fools!) (news.yahoo.com)

Bloodbath in Muni Bond Funds; Reasons for the Selloff; Will it Continue? (Mish)

Munis Hit As Market Braces for BABs' End (online.wsj.com)

Student Riots and Protests in England (hubpages.com)

Want To Ruin Your Own Country? Assume Your Banks' Liabilities (gonzalolira.blogspot.com)

And ANOTHER $900 billion put on federal tab as gift to very rich from middle class (huffingtonpost.com)

10 Years of the Dollar vs. the World (forbes.com)

Happiness doesn't increase with growing wealth of nations (guardian.co.uk)

Tue Dec 14 2010

New Rent vs Buy Calculator (patrick.net)

Calculator discussion (patrick.net)

Time For Real-Estate Watchdogs To Start Howling Again (blog.niemanwatchdog.org)

Housing Market on Edge as Lenders Get Tougher (online.wsj.com)

Fewer U.S. Houses Were Under Water -- Because Foreclosures Rose (bloomberg.com)

Wells Fargo cuts 137 East SF Bay jobs (contracostatimes.com)

Buying a hillside house? Be careful (ocregister.com)

NY Brokers Prepare for Wall Street's Bonus Season (nytimes.com)

Virginia house sales plunged 41% in November, compared to November 2009 (dailypress.com)

US role in housing market makes it harder to predict end of crisis (philly.com)

Fed Research Paper Concludes Loan Modifications "May Increase Strategic Defaults" (Mish)

Will Obama's tax deal hurt housing prices? (curiouscapitalist.blogs.time.com)
Mortgage-Bond Slump No Fun for Housing as Rates Increase: Credit Markets (bloomberg.com)

America's Economic Illness: We've Got a Bad Case of Baumol's Disease (dailyfinance.com)

What's Causing U.S. Personal Spending to Drop: Job Losses, Fear or Both? (pbs.org)

China's Army of Graduates Struggles for Jobs (nytimes.com)

Candians worried about clear title to US foreclosures (nationalpost.com)

Australia is different (australianhousehunters.com.au)

Mon Dec 13 2010

Luxury house prices are still heading down (latimes.com)

Jumbo loan market completely evaporated (doctorhousingbubble.com)

House values lose $9 trillion since 2006 peak (moneycentral.msn.com)

Housing inflation years off, poll says (journalgazette.net)

Main player in high-end mortgage fraud scheme due in court (blog.cleveland.com)

1.6 Million Put Off Retirement (blogs.wsj.com)

Markets defy feds bond buying push (finance.yahoo.com)

Bond Massacre Hits Treasuries; Is Bond Bull Finally Over? (Mish)

Recession Lasting Until 2018 Worth Exploring (bloomberg.com)

Commercial real estate company runs on no-mortgage philosophy (nctimes.com)

Banks allowed to let foreclosures rot, empty (dailyfinance.com)

A Secretive Banking Elite Rules Trading in Derivatives (nytimes.com)

Wells Fargo opposes banks on mortgage-risk rule (sfgate.com)

Chanos again warns on China's bubble economy (unconventionaleconomist.com)

Record land price in Shanghai (shanghaidaily.com)

Democrats Should Disregard Clinton's Endorsement of Obama's Tax Deal (robertreich.org)

Estate Tax Cutoff Draws Special Fire in Congress (nytimes.com)

Vast majority of wealth is INHERITED. Only "negligible fraction" is earned. (PDF - kotlikoff.net)

Chase Bank ransacked house of man on his death bed (komonews.com)

Why pay bridge tolls if you have government license plates? (mercurynews.com)

http://patrick.net/housing/crash.html